The Benefits of Streamlining the E-Procurement Process Within an Organization's

question 10

Multiple Choice

The benefits of streamlining the e-procurement process within an organization's value chain include all of the following except:

• A)maximizes the number of suppliers
• B)reduces the number of employees needed to process purchasing
• C)reduces the time to order and receive items
• D)helps employees make intelligent decisions when procuring items

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Definitions:

Federal Trade Commission

A government body tasked with regulating business practices to prevent anti-competitive, deceptive, and unfair business operations in the U.S.

Package Labels

Information attached to a product's packaging, providing details such as ingredients, manufacturing info, and usage instructions.

Line Extension

The introduction of additional items in the same product category under the same brand name, often in different flavors, forms, colors, sizes, or types.

Brand Extension

The strategy of using an existing brand name to launch a new or modified product in a different product category or market segment.